(5) Honor: directors must not engage in any conduct that may bring disrepute to the firm and/or other directors. (6) Independence: directors must not compromise on the right to exercise an independentjudgment but, at the same time, must restrict their independence in good faith to favor a collective decision that will benefit the firm. (7) Loyalty: directors must act in good faith in the best interest of the firm and whole heartedly assist the chiefexecutive in achieving the firm's success.